SEC Form 4 · accession 0001214659-17-005745
EVOLVING SYSTEMS INC · EVOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julie Gosal
Officer — SVP Finance
Period of report
Sep 25, 2017
Accepted (ET)
Sep 26, 2017 · 4:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001052054
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 25, 2017 | A | 7,500 | $0.001 | A | 7,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F4,F3 | $4.65 | Sep 25, 2017 | A | 50,000 | A | Sep 25, 2018 | Sep 24, 2027 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1This is a grant of restricted stock vesting over a four-year period, with one-quarter vesting on the one-year anniversary of the grant, and the balance vesting quarterly over the remaining three years.
- F2Nominal consideration of par value ($.001) per share was paid for the restricted stock.
- F3One-quarter of the options vest on September 25, 2018; the remaining options vest in quarterly installments beginning December 25, 2018.
- F4Employee stock options are granted without payment of consideration.